GOLD DAILY CHART
Gold currently in descending triangle, gold traders are at sideway as no fresh news on USD. Anyway, just monitor the chart and make decision when gold break channel or support.
Bloomberg news on gold. The analyst targeted gold will up to USD2,000 this year. Let's see and trade.
Trade Idea:
Stay aside until breakout happened.
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.
Monday, 11 June 2012
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